Johore Tin bounced from its low to test the upper boundary of RM1.49. With the 21-day moving average pointing upwards, coupled with high trading volume, there is a possibility it will move beyond the resistance level. If this happens, expect it to reach short-term target prices of RM1.55, followed by RM1.60. In this case, the downside support is marked at RM1.38, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.49

Target: RM1.55, RM1.60 (time frame: 2-4 weeks) Exit: RM1.38

Source: AmInvest Research - 16 Jun 2020